First orders for more than $500,000 received







Signs operations agreement with H.S. Participacoes Ltda., which is part
  of the Brazilian Reunidas Group, to introduce EasyPark(TM) in several
                            states in Brazil







      Revenues generated from both Product Sale & Transaction Fees




ISELIN, N.J., Oct. 25, 2011 (GLOBE NEWSWIRE) -- On Track Innovations
Ltd. ("OTI") (Nasdaq:OTIV) today announced that its subsidiary, PARX
Ltd. ("PARX"), has signed an operations agreement with H.S.
Participacoes Ltda., which is part of the Brazilian Reunidas Group, to
introduce EasyPark(TM) to several states in Brazil. Initial orders for
more than $500,000 have been received. The EasyPark(TM) solution offers
a modular, quick and easy to implement parking solution with minimal
investment. With EasyPark(TM) OTI generates revenues from both product
sales and recurring fees.

PARX is responsible on behalf of OTI for marketing parking solutions in
international markets, will manage the program, with H.S. Participacoes
to be responsible for local marketing, sales and operations of the
EasyPark(TM) system in the abovementioned Brazilian states.

Leveraging a decade of field proven implementations in various
countries around the world, the implementation in Brazil aims to
upgrade the exiting parking payment methods such as paper parking
tickets and Pay and Display machines. Reunidas is a well-known
Brazilian group with a vast experience in management of commercial
fleets and working with local municipalities in Brazil.

PARX's local operator, H.S. Participacoes, expects initial
implementation and system trial run phase to be followed by full scale
deployment in the first half of 2012 in several major Brazilian cities
across the northern part of the country addressing approximately 2.5
million drivers.

Commenting on the cooperation, Oded Bashan, OTI's Chairman and CEO,
said, "The project in Brazil is another step in our efforts to launch
PARX's parking solutions in various global markets. These are based on
our patented technology, offering a cost effective, user friendly, easy
to operate solution with a proven business case. The project in Brazil
is another example of our strategy of focusing on projects that
generate both product sales followed by recurring revenues via
transaction, licensing or royalty fees and service charges."

The EasyPark(TM) system offers a unique on-street and off-street
parking management solution with minimum investment that does not
require any expensive infrastructure or ongoing expensive maintenance.
EasyPark(TM) provides detailed reports to the municipality in order to
better manage and monitor parking patterns across town. The parking
system is able to support multiple rates, cities and tariffs in a
modular, scalable and easy to implement way.

EasyPark(TM) creates a uniquely convenient user experience by
eliminating the need for cash, change, and looking for parking meters.
To activate EasyPark(TM) the driver turns on the contactless unit and
places it in the car window. Upon returning, the driver turns the
device off. The driver can reload the device with additional parking
funds either online or through public reloading stations. The system is
environmentally friendly by eliminating the need for paper tickets.

About OTI

Established in 1990, OTI (Nasdaq:OTIV) designs, develops and markets
secure contactless microprocessor-based smart card technology to
address the needs of a wide variety of markets. Applications developed
by OTI include product solutions for petroleum payment systems,
homeland security solutions, electronic passports and IDs, payments,
mass transit ticketing, parking and loyalty programs. OTI has a global
network of regional offices to market and support its products.

For more information on OTI, visit www.otiglobal.com, the content of
which is not part of this press release.

The On Track Innovations Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5736

About PARX

PARX Ltd. is a subsidiary of OTI, responsible for marketing, operating
and distributing advanced parking solutions, including the EasyPark(TM)
product, in international markets. The Company is currently serving
over 110 municipalities around the world.

For more information on PARX, visit www.parxglobal.com, the content of
which is not part of this press release.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities laws.
Whenever we use words such as "will", "believe," "expect,"
"anticipate," "intend," "plan," "estimate" or similar expressions, we
are making forward-looking statements. Because such statements deal
with future events and are based on OTI's current expectations, they
are subject to various risks and uncertainties and actual results,
performance or achievements of OTI could differ materially from those
described in or implied by the statements in this press release. For
example, forward-looking statements include statements regarding our
goals, beliefs, future growth strategies, objectives, plans or current
expectations such as statements related to the expected revenues to be
generated from the introduction of our parking solutions in Brazil.
Forward-looking statements could be impacted by market acceptance of
new and existing products and our ability to execute production on
orders, as well as the other risk factors discussed in OTI's Annual
Report on Form 20-F for the year ended December 31, 2010, which is on
file with the Securities and Exchange Commission. Although OTI believes
that the expectations reflected in such forward-looking statements are
based on reasonable assumptions, it can give no assurance that its
expectations will be achieved. Except as otherwise required by law, OTI
disclaims any intention or obligation to update or revise any
forward-looking statements, which speak only as of the date hereof,
whether as a result of new information, future events or circumstances
or otherwise.


CONTACT: OTI Contact:
         Galit Mendelson
         Vice President of Corporate Relations
         732 429 1900 ext. 111
         galit@otiglobal.com